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Canada Advisor CCO

Russell Investments

Russell Investments

Toronto, ON, Canada
Posted on Thursday, June 20, 2024

Business Unit:

Compliance, Risk and Internal Audit


Job Description:

The Canada Advisor Chief Compliance Officer will be responsible for the management and execution of the compliance program for Russell Investments Canada registered investment advisors. Our compliance team serves as a robust independent second line of defense to help ensure that the firm operates within regulatory requirements and industry practices. The Advisor CCO will report directly to Russell Investments Global Chief Compliance Officer.

The role may be based in the Toronto office.

Your Core Responsibilities:

  • Fosters a culture aligned to Russell Investments purpose, values and strategy and role models Russell Investments values and behaviours in all that they do
  • Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems, with the ability to communicate abstract concepts in simple terms.
  • Provision of subject matter expertise and guidance on a variety of compliance and regulatory matters expertise across the firm, including various individual and business activities and conflicts of interest
  • Ensuring that appropriate policies, procedures and controls have been implemented to supervise all lines of business and individual conduct in compliance with applicable rules and legislation and maintenance of same
  • Managing all applicable registrations in accordance individual and firm activities and in alignment with the firm’s governance structure
  • Builds effective professional relationships to advises and influences senior leaders on managing regulatory risk associated related to business decisions and strategic initiatives.
  • Develops an expert understanding of business/group challenges to fosters strong internal and external networks, working with and across multiple teams to achieve business objectives.
  • Networks with industry contacts to gather competitive insights and best practices to anticipates trends, providing guidance to internal partners to supporting implementing appropriate changes.
  • Acts as the primary contact for senior management, other internal/external stakeholder relationships and regulators.
  • Reviews and reports insights on regulatory risk based on compliance data to the Global Chief Compliance Officer and business/group senior management
  • Oversees the implementation and assesses operating effectiveness of relevant compliance programs within the function
  • Management oversight for establishing and reinforcing compliance programs & protocols for functional area of responsibility.
  • Consults on new products, services and automated systems to assist with incorporating compliance requirements into these initiatives.
  • Ascertains training needs and helps develop training based on gaps identified through the compliance monitoring and testing.
  • Identifies enhancements to business group compliance tools and processes and communicates to required stakeholders.
  • Assists business group management in communicating and implementing changes to applicable regulatory policies and procedures.
  • Provides regulatory perspective on business group’s sales and marketing materials, while building a partnership to collaborate on an outcome that balances the firm’s risk.
  • Operates effectively within a high stress environment with constantly changing expectations and regulatory & audit scrutiny.

Your expertise:

  • You have a minimum of 5-10 years’ experience in the investment management industry with a focus on Canada investment advisory matters.
  • You have a bachelor's degree; an advanced business or law degree is preferred.
  • Completed the Chief Compliance Officer Qualifying Exam and will be registerable to be the CCO
  • You have experience leading a Compliance function for a registered investment adviser and have proven your ability to develop and implement Compliance solutions that are pragmatic, effective and forward looking.
  • You have expertise knowledge of Canada securities laws and In-depth knowledge of regulatory and compliance requirements, including those relating to registration requirements.
  • Familiarity with United States regulatory requirements (e.g., SEC, NFA, CFTC)
  • You are able to deal effectively with investment personnel and understand a variety of complex investment products.
  • Knowledge of industry best practices regarding compliance matters
  • Excellent verbal, written, and interpersonal communication skills
  • Strong critical thinking and analytical skills with high attention to detail and accuracy
  • Good working knowledge of applicable securities legislation and related compliance procedures
  • Ability to prioritize work, meet deadlines, achieve goals, and work effectively under pressure in a dynamic and complex professional environment with many time-sensitive deliverables
  • Ability to develop and manage business relationship

Characteristics and Attributes:

  • You have the highest level of integrity and professionalism.
  • You possess superior judgment in assessing potential compliance matters, the application of industry developments to the business and knowing when to seek independent advice and when to act independently.
  • You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to create a shared vision.
  • Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.
  • You embrace and champion change. You'll continuously evolve your thinking and the way you work in order to deliver your best.
  • Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
  • You’re digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.